Just as most people will face ups and downs with their personal finances, the same is true for most businesses. In certain circumstances, businesses might benefit from filing for bankruptcy in the same way that an individual might. Filing for bankruptcy is often a valuable tool for reorganizing debt and…
Category: Bankruptcy
If you are thinking about filing for bankruptcy in Florida, you have fallen into financial hardship. However, filing for bankruptcy is not a free process, so you should be aware of the costs involved. Not only is there a filing fee, but you will also have to pay credit counseling…
In its simplest form, a bankruptcy discharge occurs once a bankruptcy case is finalized and relieves you from any obligations of repaying your debt. Once your debt has been discharged, creditors cannot take any further action to collect on the debt. Creditors and debt collectors cannot call, send letters, or…
Recently, a Florida lender was going to foreclose on Don Ramon’s, a SoMa destination that has been extremely popular for decades. Fortunately, for the politicos and locals who loved frequenting the hot spot, it will remain open after the owner filed Chapter 11 bankruptcy. The story is not an uncommon…
If you are facing bankruptcy, you have many questions. If you are facing bankruptcy and are over the age of 65, one of those questions might be whether you are too old to file. It is true that your own life circumstances, including your age, can make a big difference…
When you decide to file for bankruptcy, it’s wise to work with a bankruptcy law firm that can represent you and handle the legal process on your behalf. There may be many bankruptcy lawyers in your area to choose from. Choosing the right law firm could make a significant difference…
Bankruptcy is a great way for some people to get rid of all or most of their debt, but the process is confusing for some. Individuals filing bankruptcy typically have questions before, during, and even after the process is finalized. If you are suffering from immense debt, below are the…
Many federally backed mortgage loans are currently under foreclosure moratoriums. This means that many loan servicers are unable to file mortgage foreclosure actions against homeowners who have been unable to make their mortgage payments. For many homeowners already in the foreclosure process, this also means that many homeowners have been…
Stigmas are very difficult to overcome, and many people believe that bankruptcy has a certain stigma attached to it. It is this perceived stigma that stops many people from taking advantage of bankruptcy and the protection it provides. Bankruptcy, however, is a right provided by the U.S. Constitution. Hundreds of…
